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Snezhnost [94]
3 years ago
10

George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits unti

l June 10th after April 15th to pay the tax. How much will his penalties be?
Business
1 answer:
Nadusha1986 [10]3 years ago
3 0

George penalties will be <u>$50</u>.

<u>Explanation</u>:

Penalty is a punishment imposed on the person due to violation of law or contract. Penalty fee is the amount collected from the person for not paying his debts or bills.

Penalty is imposed on the person for the purpose of punishing. If he/she fails to pay their bills, taxes or money borrowed, they will be imposed with penalty charges. So the individual should pay an additional amount as the penalty amount with his original charges.

In the above scenario, George fails to pay his income tax within the given time. So he was charged with the penalty of $50.

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$1500 for supplies to sell at a football game. Total receipts for the venue was $3,700. What were her expenses as a percentage o
topjm [15]

Answer:

        \large\boxed{\large\boxed{41\%}}

Explanation:

You need to assume that the total <em>expenses</em> were equal to the<em> cost of the supplies</em>, i.e. there were not other expenses but the<em> $1,500 for supplies to sell.</em>

The total income or revenue was <em>$3,700</em>.

The <em>percentage of the expenses to the revenue</em> is:

        Percentage=\dfrac{expenses}{revenue}\times 100\\\\\\ Percentage=\dfrac{\$1,500}{\$3,700}\times 100=40.5\%\approx41\%

4 0
3 years ago
Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2012:
diamong [38]

Answer:

a. $1,765,000

Explanation:

Total stockholder’s equity on December 31, 2013  =  Total equity at end 2012 – amount paid for 3,000 shares were reacquired at $28 per share – amount paid for 3,000 shares were reacquired at $35 per share + amount collect from 1,800 shares of treasury stock were sold at $30 per share + net income of $450,000

=  $1,450,000 – 3,000 * $28 – 3,000 * $35 + 1,8000 *$30 + $450,000 = $1,765,000

4 0
3 years ago
Bubba is a shrimp fisherman who can catch 4,000 pounds of shrimp per year. Bubba is considering hiring his cousin Bobby to work
melisa1 [442]

Answer:

7,000 pounds

Explanation:

Data provided in the question:

Shrimps Bubba catches per year = 4,000 pounds

Shrimps that Bobby can catch per year = 3,000 pounds

Therefore,

The marginal contribution of Bobby in the output if Bobby is hired is 3,000 pounds of shrimp

Hence,

The total output of his shrimp business is Bubba hires Bobby will be

= Output of Bubba per year + Output of Bobby per year

= 4,000 pounds + 3,000 pounds

= 7,000 pounds

4 0
3 years ago
Municipal bonds are issued by whom?
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Municipal bonds are debt obligations issued by states, cities, counties and other governmental entities.
6 0
3 years ago
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What has been mostly responsible for advancing from the agricultural age to the industrial age?
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Innovation is the correct answer to this question.
7 0
3 years ago
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